Prestige Falcon City Luxe Resale
The Prestige Falcon City Luxe Resale market commands a premium price range of ₹18,000 to ₹22,000 per sq. ft., with individual unit ticket sizes starting from ₹2.10 Crore for a 2 BHK layout and scaling up to ₹5.70 Crore onwards for an ultra-luxury 4 BHK residence.
For home seekers and property investors focusing on South Bangalore's real estate trends, navigating the resale secondary market in this iconic 41-acre high-rise township offers a rare advantage: zero waiting period for construction milestones. Because this mature township on Kanakapura Road features an operational ecosystem—complete with immediate metro rail access and an integrated premier retail mall—buying a resale unit allows you to instantly bypass under-construction delays while securing immediate rental yields or occupancy.
1. Projected Resale Price Guide by Unit Size
The asset valuation inside this township remains highly resilient due to strong end-user demand. Properties positioned on higher floors or units featuring premium east-facing orientations or open lake views easily fetch the higher end of the local pricing spectrum.
The table below breaks down the estimated resale values based on configuration and super built-up area:
| Apartment Configuration | Super Built-Up Area (Sq. Ft.) | Average Resale Value Range | Target Buyer Profiles |
|---|---|---|---|
| 2 BHK Optima | 1,204 – 1,379 | ₹2.10 Cr – ₹2.80 Cr | IT professionals, small families, rental investors |
| 3 BHK Elegance / Grandeur | 1,588 – 2,172 | ₹2.95 Cr – ₹4.20 Cr | Corporate executives, long-term end-users |
| 4 BHK Opulence | 2,450 – 2,726 | ₹5.70 Cr – ₹6.50 Cr+ | Luxury buyers, multi-generational families |
Due Diligence Checklist: Resale properties are often sold as semi-furnished or fully furnished homes. When reviewing an owner's asking price, factor in the substantial value of existing modular kitchen woodwork, premium wardrobe fixtures, and split air conditioning systems already fitted in the flat.
2. Financial Benefits of Buying via Resale
While buying a brand-new developer allotment has its perks, entering via a verified resale transaction inside a highly successful township provides concrete financial advantages that save capital:
- Zero Pre-EMI Financial Burden: Unlike an under-construction project where your money is locked up for years while you pay bank interest alongside regular house rent, a resale purchase moves directly to registration and immediate move-in.
- Tax Exemptions under Section 54: If you are selling an old ancestral property or a previous house asset, reinvesting your capital gains into a ready-to-occupy resale unit lets you claim instant income tax exemptions without construction-delay risks.
- Established Rental Track Record: For pure investors, a resale unit inside this township can be leased out to a premium tenant corporate family within days of registration, immediately establishing a recurring monthly rental inflow.\
Frequently Asked Questions
Q1: What is the current average market price for a Prestige Falcon City Luxe resale apartment?
The secondary market price hovers between ₹18,000 and ₹22,000 per sq. ft. The total ticket size starts at ₹2.10 Crore for a 2 BHK layout and typically averages around ₹3.25 Crore for a standard 3 BHK configuration.
Q2: What extra hidden costs should a buyer budget for in a resale transaction?
Apart from the mutually agreed property cost paid to the seller, a buyer must budget for a 5% Stamp Duty and 1% Registration Fee paid to the government, a society transfer fee charged by the association, and standard real estate consultancy brokerage fees.
Q3: Can I get a bank home loan for a resale flat in this township?
Yes, absolutely. Because the project is fully completed with valid Occupancy Certificates (OC) and clear Khata certificates, all major nationalized and private financial institutions like SBI, HDFC, and ICICI process resale home loans quickly with minimal paperwork.
Q4: Who pays the society transfer charges during a resale deal?
By standard real estate market practice in Bengaluru, the one-time society transfer fee charged by the Residents' Welfare Association (RWA) is open to negotiation. It is either paid entirely by the buyer or split equally between the buyer and the seller as per the clauses in the Agreement to Sell.
Q5: How do I verify that the resale property has a clean title?
You should hire a qualified legal advisor to review the original Mother Deed, the registered Sale Deed of the current owner, the up-to-date Encumbrance Certificate (EC) showing clear ownership history, the latest property tax paid receipts, and the builder-allotted possession documents.
Q6: Do resale buyers get full access to the township clubhouse and amenities?
Yes. Once the deed registration is completed and the RWA transfers the share certificate to your name, all ownership rights and privileges—including full family access to the grand classic-themed clubhouse, swimming pools, sports courts, and parks—transfer entirely to you.
Q7: Why is the resale value here higher than standard standalone flats on Kanakapura Road?
The premium resale value is driven by the unique integrated lifestyle design. The township offers unmatched convenience by sitting directly opposite the Konanakunte Cross Metro Station and featuring direct physical entry into the active Forum South Bengaluru Mall, creating a self-sustaining eco-system that standalone buildings cannot match.
